✉news BusinessBanking first seen 5 h ago, last 1 h ago, peak #16
RBI seen raising rates to 5.50% in October, Reuters poll finds
Original: RBI to raise interest rates to 5.50% in October as inflation broadens: Reuters poll
A Reuters poll of economists indicates the Reserve Bank of India is expected to raise its key interest rate to 5.50% at its October meeting. The anticipated hike reflects growing concern that inflation in India is broadening beyond food and fuel into core categories, putting pressure on the central bank to tighten policy further despite growth risks.
Why now: Fresh polling suggests India's central bank will deliver another rate hike amid widening inflation, a key concern for markets and borrowers.
Rank over time, top of the chart is #1. 5 snapshots from 5 h ago to 1 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/227552